Imagine you acquire a good amount of BTC, you go to a stock exchange and buy a big block of BTC ETF stocks and then send your BTC back and forth between addresses you control for higher and higher prices and cashing out on the stocks, rinse and repeat on the downside
How does selling to yourself increase the market price? Thereβs no net impact on supply or demand.
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Because you can keep bidding higher and higher prices and eventually other people will join in
What prevents this with gold and other commodities? Why canβt I make infinite money with $GLD?
